1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lawyer [7]
3 years ago
10

Price is constant to the individual firm selling in a purely competitive market because:

Business
1 answer:
musickatia [10]3 years ago
7 0
Any sellers who raise its price lose all of their customers
any sellers who lower the price also cause the reduction in price of other firms,that may lower the profit gained
You might be interested in
A business owner makes 50 items by hand in six hours. She could have earned $10 an hour working for someone else. If each item s
ElenaW [278]

Answer:

Please see attachment.

Explanation:

5 0
3 years ago
A student wants to determine what type of cereal his classmates like best. he buys three of his favorite puffed rice cereals and
FrozenT [24]

The answer is D The students conclusion shows experimental bias

3 0
4 years ago
what is the term for a group of project activities that are assigned to a single organizational unit?
ElenaW [278]
Product-service bundling is adding Value-added services to a firm's product offerings to create more value for the customer.
5 0
2 years ago
Livingston Co. uses process costing to account for the production of elastic bands. Direct materials are added at the beginning
madam [21]

Answer:

The total cost per unit using the weighted average method would be:

$15,97  

Explanation:

                Materials   Conversion Costs  

Begining  $ 14,000         $ 8,000  

APRIL          $ 72,000        $ 80,000  

TOTAL          $ 86,000 $ 88,000  

Units               8,000   8,000  

                       100% 50%  

WIP                4,000   2,000  

TOTAL              12,000   10,000  

USD/Unit          7,17              8,80   $15,97  

3 0
3 years ago
What is any factor that makes it difficult for a new firm to enter a market referred to as?
Tpy6a [65]
A barrier to entry is any factor that makes it difficult for a new firm to enter a market. 
5 0
4 years ago
Read 2 more answers
Other questions:
  • Exercise 5-1 The Effect of Changes in Activity on Net Operating Income [LO5-1] Whirly Corporation’s contribution format income s
    10·1 answer
  • The following information is available for two different types of businesses for the Year 1 accounting year. Hopkins CPAs is a s
    7·1 answer
  • On January 2, 2017, a calendar-year corporation sold 5% bonds with a face value of $2500000. These bonds mature in five years, a
    11·1 answer
  • Which jobs would be included in the Marketing, Sales, and Service career cluster?
    8·1 answer
  • A contract clause which specifies the amount of damages to be paid in the event of a breach is called:
    11·1 answer
  • Quality Move Company made the following expenditures on one of its delivery trucks: Mar. 20. Replaced the transmission at a cost
    8·1 answer
  • You are an employee of University Investment Consultants, Ltd. and have been given the following assignment. You are to present
    8·1 answer
  • Which of the following items cannot be marketed: a. Holiday b. Health c. Hopefullness d. Hawaii
    9·1 answer
  • Curly’s Life Insurance Co. is trying to sell you an investment policy that will pay you and your heirs $43,000 per year forever.
    9·1 answer
  • In a department meeting, Javier shares some research on new software he thinks the company should purchase. Roger agrees with Ja
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!